Potash One Inc.

Potash One Inc.

November 16, 2009 08:31 ET

Potash One Appoints Erika Ritchie as Vice President of Environment and Regulatory Affairs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2009) - Potash One Inc. (the "Company" or "Potash One") (TSX:KCL) is pleased to announce that it has appointed Erika Ritchie, M.Eng., P.Eng, as Vice President of Environment and Regulatory Affairs, for its Legacy Potash project in southern Saskatchewan.

Ms. Ritchie is a registered professional engineer with a B.S. and a M.Eng in environmental engineering and has over 20 years experience in environmental engineering and management. Her most recent employment history includes roles as a Program Manager, Environmental Support as well as Senior Environmental Specialist for Cameco Corporation ("Cameco"). Her experience at Cameco encompassed managing and leading environmental assessment projects, including responsibility for budgeting, scheduling, technical assessment and documentation. Further as a Senior Environmental Specialist, she revised and implemented corporate level environmental policy and participated in the implementation of an Environmental Management Program (EMP). Prior to her employment with Cameco, Ms. Ritchie worked in a Project Management role with Environmental Consultants where she was responsible for conducting Environmental Assessments and interacting with regulators.

In addition, Ms. Ritchie lectures senior engineering students on Environmental Assessment and Sustainability at the College of Engineering, University of Saskatchewan.

With this experience and her proven management abilities, Ms. Ritchie will bring tremendous value to Potash One. Taking overall responsibility for the environmental assessment process as well as construction and operational licensing activities, Ms. Ritchie will bring focused and professional leadership to the Company in its interactions with the regulators and the public throughout the development of the Legacy project.

As a new entrant in the Saskatchewan potash industry, Potash One has taken a pro-active approach to understanding the existing environment in the region of the Legacy site and undertaking the scientific studies necessary to fully understand its environmental footprint. Ms. Ritchie will enhance the progress achieved to date and augment the Company's efforts going forward.

Paul F. Matysek., President and Chief Executive Officer of Potash One Inc., said: "Potash One is very pleased to have Erika Ritchie join the Legacy Team. At the early stages of project development, securing experienced leadership is key to ultimate success. We have built our team deliberately, ensuring that we are adding the right person with the right talent and experience at the opportune time. Having Erika join our team accelerates and enhances our progress to bringing on stream the first new potash facility in Saskatchewan in over 40 years."


Paul F. Matysek, M.Sc., P.Geo., President and Chief Executive Officer

About Potash One Inc.:

Potash One Inc. is a well-funded TSX-listed Canadian resource Company engaged in the exploration and development of advanced potash properties amenable to solution mining. The Company owns a 100% interest in the 97,240 acre Legacy Project which has an NI 43-101 compliant Measured Resource of 29 million tonnes of recoverable KCl, Indicated Mineral Resource of 222 million tonnes of KCl and an Inferred Mineral Resource of 852 million tonnes of KCl. The Company has recently completed a pre-feasibility study with SNC-Lavalin with robust economics at current potash pricing. The Legacy Project is adjacent to the largest producing solution potash mine in the world. The Company also owns more than 515,000 acres of Potash Subsurface Exploration Permits in Saskatchewan, Canada.

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian Securities Regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration and development. The Company does not assume the obligation to update any forward-looking statement. There are numerous risks and other factors that will influence a development decision, including concluding resource evaluations on mineral properties, extraction and processing design limitations, financing requirements, permitting risks and economic factors, all of which may be beyond the control of the Company.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.

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